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Regulatory jurisdic...
Regulatory jurisdiction and policy coordination : A bi-level modeling approach for performance-based environmental policy
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- Tanaka, Makoto (författare)
- National Graduate Institute for Policy Studies (GRIPS), Japan
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- Chen, Yihsu (författare)
- University of California, USA
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- Siddiqui, Afzal S. (författare)
- Stockholms universitet,Institutionen för data- och systemvetenskap,University College London, UK; Aalto University, Finland; HEC Montréal, Canada
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(creator_code:org_t)
- 2020-12-07
- 2022
- Engelska.
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Ingår i: Journal of the Operational Research Society. - : Informa UK Limited. - 0160-5682 .- 1476-9360. ; 73:3, s. 509-524
- Relaterad länk:
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https://research.aal...
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visa fler...
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https://urn.kb.se/re...
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https://doi.org/10.1...
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Abstract
Ämnesord
Stäng
- This study discusses important aspects of policy modeling based on a leader-follower game of policymakers. We specifically investigate non-cooperation between policymakers and the jurisdictional scope of regulation via bi-level programming. Performance-based environmental policy under the Clean Power Plan in the United States is chosen for our analysis. We argue that the cooperation of policymakers is welfare enhancing. Somewhat counterintuitively, full coordination among policymakers renders performance-based environmental policy redundant. We also find that distinct state-by-state regulation yields higher social welfare than broader regional regulation. This is because power producers can participate in a single power market even under state-by-state environmental regulation and arbitrage away the CO2 price differences by adjusting their generation across states. Numerical examples implemented for a stylized test network illustrate the theoretical findings.
Ämnesord
- SAMHÄLLSVETENSKAP -- Ekonomi och näringsliv (hsv//swe)
- SOCIAL SCIENCES -- Economics and Business (hsv//eng)
Nyckelord
- OR in environment and climate change
- bi-level modeling
- leader-follower game
- power market
- performance-based policy
Publikations- och innehållstyp
- ref (ämneskategori)
- art (ämneskategori)
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